SEI Investments (NASDAQ:SEIC) Insider Mark Andrew Warner Sells 15,000 Shares

SEI Investments Company (NASDAQ:SEIC) insider Mark Andrew Warner sold 15,000 shares of SEI Investments stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $102.35, for a total transaction of $1,535,250.00. Following the transaction, the insider directly owned 921 shares of the company’s stock, valued at approximately $94,264.35. This trade represents a 94.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SEI Investments Stock Up 0.2%

NASDAQ:SEIC traded up $0.16 during mid-day trading on Thursday, hitting $103.04. 505,216 shares of the company’s stock were exchanged, compared to its average volume of 806,526. The company has a market cap of $12.37 billion, a PE ratio of 18.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.06 and a quick ratio of 4.96. SEI Investments Company has a one year low of $75.08 and a one year high of $104.47. The business has a fifty day moving average price of $92.38 and a 200 day moving average price of $86.45.

SEI Investments (NASDAQ:SEIC) last announced its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.22. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The business had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. During the same quarter last year, the firm earned $1.78 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts predict that SEI Investments Company will post 6.2 EPS for the current year.

SEI Investments Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 8th were paid a $0.52 dividend. The ex-dividend date was Monday, June 8th. This represents a dividend yield of 118.0%. SEI Investments’s dividend payout ratio is presently 18.34%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Harrell Investment Partners LLC increased its holdings in SEI Investments by 2.6% in the 2nd quarter. Harrell Investment Partners LLC now owns 9,707 shares of the asset manager’s stock worth $851,000 after buying an additional 247 shares in the last quarter. Elevation Wealth Partners LLC lifted its stake in SEI Investments by 96.8% during the 2nd quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 152 shares during the period. Harbor Investment Advisory LLC lifted its stake in SEI Investments by 87.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 747 shares of the asset manager’s stock valued at $66,000 after acquiring an additional 348 shares during the period. Versant Capital Management Inc boosted its holdings in shares of SEI Investments by 12.6% during the 2nd quarter. Versant Capital Management Inc now owns 2,139 shares of the asset manager’s stock valued at $188,000 after acquiring an additional 239 shares during the last quarter. Finally, CX Institutional boosted its holdings in shares of SEI Investments by 44.6% during the 2nd quarter. CX Institutional now owns 532 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 164 shares during the last quarter. 70.59% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SEIC shares. Zacks Research upgraded SEI Investments from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of SEI Investments in a report on Friday, July 17th. Raymond James Financial lifted their price target on SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, July 6th. Keefe, Bruyette & Woods upped their price target on shares of SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley increased their price objective on shares of SEI Investments from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $122.60.

About SEI Investments

SEI Investments Company is a global provider of asset management, investment processing, and investment operations solutions. The firm offers a range of services designed to help financial institutions, private banks, wealth managers and family offices streamline back-office functions and enhance front-office capabilities. SEI’s technology platforms support various stages of the investment lifecycle, including trade execution, performance reporting, risk analytics and client communications.

The company’s core offerings include outsourced fund administration, custody and trust services, managed account solutions, and wealth management technology.